Financial Performance - For Q1 2024, the company reported a total revenue of RMB 1,981,094,650.84, representing an increase of 14.0% compared to RMB 1,738,727,809.55 in Q1 2023[15]. - The net profit for Q1 2024 was RMB 278,698,767.52, which is a significant increase of 156.5% from RMB 108,821,404.17 in Q1 2023[15]. - The company's basic earnings per share for Q1 2024 was RMB 0.07, compared to RMB 0.03 in Q1 2023, indicating a 133.3% increase[15]. - Operating revenue for Q1 2024 reached RMB 950.99 million, a 29.5% increase from RMB 734.30 million in Q1 2023[18]. - Operating profit for Q1 2024 was RMB 341.12 million, compared to RMB 121.32 million in Q1 2023, reflecting a significant growth[18]. - Net profit attributable to shareholders for Q1 2024 was RMB 289.64 million, up from RMB 106.73 million in Q1 2023, marking an increase of 171.5%[18]. - Basic earnings per share for Q1 2024 was RMB 0.09, compared to RMB 0.03 in Q1 2023[18]. Assets and Liabilities - As of March 31, 2024, the total assets of Zhaojin Mining Industry Company Limited increased to RMB 49,033,933,957 from RMB 46,738,256,346 as of December 31, 2023, reflecting a growth of approximately 6.2%[7][9]. - Current assets rose to RMB 15,740,198,804, up from RMB 13,036,861,352, indicating an increase of about 20.7%[7]. - Total liabilities increased to RMB 27,029,380,322 from RMB 24,578,812,762, marking an increase of about 10.0%[9]. - Short-term borrowings rose from RMB 4,658,722,307 to RMB 5,499,436,830, an increase of approximately 18.0%[9]. - The company's total assets increased from RMB 39,770,214,179 on December 31, 2023, to RMB 41,947,002,041 by March 31, 2024, reflecting a growth of 5.5%[13]. - Current assets rose from RMB 16,123,294,096 to RMB 18,062,697,806, marking an increase of 12.0%[13]. - Total liabilities increased from RMB 17,590,358,213 to RMB 19,545,820,717, which is an increase of 11.1%[13]. Equity and Reserves - The company's total equity decreased slightly from RMB 22,159,443,584 to RMB 22,004,553,635, a decline of about 0.7%[9]. - The total equity attributable to shareholders increased from RMB 22,179,855,966 to RMB 22,401,181,325, a rise of 1.0%[13]. - The company’s capital reserve decreased from RMB 2,686,631,359 to RMB 2,550,789,112, a decline of about 5.1%[9]. Cash Flow and Investments - Cash flow from operating activities for Q1 2024 was RMB 241.55 million, indicating strong operational cash generation[21]. - Cash flow from investing activities showed a net outflow of RMB 1.01 billion in Q1 2024, primarily due to investments in fixed assets[21]. - Cash flow from financing activities generated a net inflow of RMB 2.42 billion, driven by new borrowings of RMB 8.40 billion[21]. - Total cash and cash equivalents increased by RMB 1.66 billion in Q1 2024, reflecting improved liquidity[21]. - Cash and cash equivalents increased significantly from RMB 3,465,045,143 to RMB 5,123,495,002, representing a growth of approximately 47.8%[7]. - The company’s cash and cash equivalents increased from RMB 1,970,366,714 to RMB 3,273,737,006, a growth of 66.1%[11]. Inventory and Receivables - The company reported an increase in inventory from RMB 5,154,576,776 to RMB 5,461,189,676, which is an increase of approximately 5.9%[7]. - The company’s other receivables surged from RMB 292,108,684 to RMB 527,606,576, reflecting an increase of about 80.5%[7]. Research and Development - Research and development expenses for Q1 2024 were RMB 61,319,600.92, up from RMB 45,926,223.54 in Q1 2023, reflecting a growth of 33.4%[15]. - Research and development expenses rose to RMB 40.06 million in Q1 2024, significantly higher than RMB 11.06 million in Q1 2023, indicating a focus on innovation[18]. Future Plans - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[15]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[18].
招金矿业(01818) - 2024 Q1 - 季度业绩